The Guyana Bank for Trade and Industry Limited, has announced that it has recorded after-tax profits of $4 Billion for 2024, which represents a 31% increase over the 2023 figures.
In a statement, the Bank’s Chairman, Senior Counsel Robin Stoby said “GBTI’s sustained growth is a testament to our unwavering focus on financial strength, digital transformation, and customer-centric banking solutions.”
He said as Guyana’s economy continues to expand, GBTI remains committed to empowering individuals and businesses through innovative financial services.
The bank has recorded total assets of $249 billion, which represents 24% in growth.
GBTI credits its 2024 success to a strategic push towards digital banking and innovation, aligning with Guyana’s rapid economic expansion. The Bank said it introduced new digital banking solutions, enhancing customer experience and financial accessibility.
It also reported that investments in AI-driven banking, cybersecurity, and mobile banking innovations have further strengthened its leadership in the financial sector.
The Bank’s Chairman said digital transformation is not just a strategy, but represents part of GBTI’s commitment to ensuring seamless, efficient, and secure banking for its customers.
GBTI has also indicated that as part of its long-term vision, it continues to uphold strong corporate governance, risk management, and ethical banking practices. The Bank says it has reinforced its governance framework with comprehensive risk management policies, ensuring financial stability and resilience amid a rapidly evolving financial landscape.
Its vision for 2025 is to solidify the bank’s position as a leader in the financial sector, through continued innovation, strong governance, and sustainable banking practices.
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